Beiersdorf stressed that it has adjusted its target for increasing organic sales for the whole year and set medium-term goals.
The German company for the care of personal care products stated that it expects an increase in organic sales at the upper end of the previously targeted medium single-digit growth for 2022.
He confirmed that he expects the profit margin before taxes and interest to be at the level of the previous year.
In the second quarter, the company forecasts growth in the maximum range of estimates for a medium single-digit percentage for consumer activities, mainly due to the brands Nivea and Eucerin.
In the medium term, Beiersforf intends to reduce the tax rate below 28% at group level.
For the consumer sector, the company stressed that it expects an increase in organic sales higher than the markets and aims to increase the margin of EBIT by at least 50 basis points per year from 2023 onwards.
He also stressed that he wants to invest in mergers and acquisitions for the industry.
Source: Capital
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